Wolverine Asset Management LLC Sells 28,274 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Wolverine Asset Management LLC lowered its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 86.0% in the 4th quarter, HoldingsChannel reports. The fund owned 4,618 shares of the real estate investment trust’s stock after selling 28,274 shares during the period. Wolverine Asset Management LLC’s holdings in Empire State Realty Trust were worth $45,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc lifted its stake in Empire State Realty Trust by 7.4% in the third quarter. Capital Investment Counsel Inc now owns 17,400 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,200 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Empire State Realty Trust by 5.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 32,950 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 1,626 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Empire State Realty Trust by 3.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 60,559 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 2,254 shares during the period. Van ECK Associates Corp increased its stake in Empire State Realty Trust by 17.9% in the third quarter. Van ECK Associates Corp now owns 17,475 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 2,647 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Empire State Realty Trust by 3.3% during the third quarter. Teacher Retirement System of Texas now owns 93,626 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 2,963 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.33.

Empire State Realty Trust Price Performance

NYSE ESRT opened at $9.21 on Monday. The company has a market cap of $1.51 billion, a PE ratio of 30.70, a P/E/G ratio of 3.38 and a beta of 1.30. The firm’s 50 day moving average price is $9.67 and its 200-day moving average price is $9.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 7.04 and a current ratio of 7.04. Empire State Realty Trust, Inc. has a 52-week low of $5.43 and a 52-week high of $10.32.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.52%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building – the "World's Most Famous Building" – includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.